Time may or may not be money—but a little bit of extra weight certainly is! People who are overweight and obese can expect to pay higher health insurance premiums. Since various studies have shown that obesity can lead to many health conditions and diseases, overweight individuals are asked to help defray some of the costs associated with extra weight. Trying to lose weight may seem frustrating and difficult, but losing a certain amount of weight could actually result in a cost savings when it comes to health insurance.
Male or female—you can expect to pay extra if you do not fall within your health insurance provider’s optimum weight range. In spite of some recent studies that indicate a bit of extra weight is good for you, you’ll probably have to pay the added costs if you do not have a normal body mass index (BMI). Men have it worse if their BMI falls in the obese category; they can expect to pay 29% more on average for their health insurance costs. This translates into a cost of roughly $207 per month as opposed to the trimmer cost of $169 if they fall within the prescribed normal range. Interestingly, men who weigh too little for their height can also see an increase in their rate at about 9% on average.
Women tend to pay 24% more on average if their BMI is in the obese range. Even going slightly beyond the normal range by a pound or two could add dollars to your health insurance costs. Overweight people who do not qualify as obese may also see an increase in proportion to their weight if it deviates from a normal BMI range. This rate will likely vary from one insurance provider to the next.
The logic of the increase is naturally based on numbers. The increased rates are designed to help offset the higher medical risks associated with extra weight. Overweight people are not alone when it comes to paying an increased rate for health insurance. Women smokers also pay 22% more on average for health insurance; men who smoke pay 9% more on average for their coverage.
As challenging as it can be to lose weight, losing it is good for your health insurance rates – as well as you overall health.